Basware Launches eProcurement Solution

Stamford, Conn.—May 15, 2013—Basware, a provider of e-invoicing and purchase-to-pay solutions, launched Basware Purchase, a core addition to its e-procurement suite which completes the company’s entire purchase-to-pay solution footprint on the Alusta platform (which connects to the Basware Commerce Network). Basware Purchase is designed to be very user-friendly and provide increased adoption levels, deeper savings, increased spend under management and greater on-contract purchasing.

“Putting the user at the heart of the entire purchase-to-pay cycle is key to increasing acceptance and realizing the value of e-procurement,” said Esa Tihilä, Chief Executive Officer of Basware. “Basware Purchase is the most people-friendly procurement solution that—when combined with other innovations available across our Alusta platform—ensures that businesses can buy better and capture more savings. By making the ‘right way to buy’ also the ‘easiest way to buy,’ we can maximize spend under management and ensure that the value created during supplier contract negotiations is fully realized.”

Basware Purchase provides a consumer-style shopping experience that is simple to use, with one-click purchase requisitions from approved catalogs. The contract compliance engine ensures purchases are based on frame agreements where appropriate. Additionally, comprehensive end-user analytics provide insights into spend, process bottlenecks, compliance issues and supplier performance even when users are out of the office with access via tablet apps. This means managers across the organization can easily track consumption and budget compliance for a given cost center at any time and from any location.

The addition of social media-based collaboration tools brings the business user, finance and procurement teams closer together. From requisition to payment, users benefit from role-based visibility and access to every element of the procurement process through a single platform to ensure all stakeholders can continuously improve purchase-to-pay operations across the business.

Basware Purchase will be available on the Alusta platform this upcoming June.